Truist Securities Cuts Cameco (CCJ) Price Target to $125
Key Points
- Truist Securities reiterated a Buy rating on Cameco Corporation on October 22, 2026, while reducing its price target from $130 to $125.
- Truist Securities's $125 price target implies 59.22% upside from Cameco Corporation's ($CCJ) current $78.51 share price.
- Major institutional investors reported shifts in their holdings during recent reporting periods, including Bank of Montreal raising its stake by 22.5%.
- Cameco Corporation recently traded around $78.51, down about 0.5% from its event-day close of $78.90.
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Truist Securities maintained its Buy rating on Cameco Corporation on October 22, 2026, while lowering its price target from $130 to $125. The firm delivered its updated research note during the trading session on October 22, 2026, signaling continued confidence in the uranium provider despite adjusting its target downward. Analysts issue these forward-looking ratings to guide investors on a company's prospects over a longer time horizon.
CCJ
Cameco Corporation
Truist Securities' Call on Cameco
On October 22, 2026, Truist Securities kept its Buy rating on Cameco Corporation while trimming its price target from $130.00 down to $125.00. Earlier on August 12, 2026, the same firm had maintained a Buy rating with a slightly higher target of $130.00, which was adjusted from $129.00. The latest adjustment brings the firm's target closer to the prevailing market prices while keeping a positive recommendation intact.
Other Institutional Activity in Cameco
Other large financial institutions have made notable adjustments to their holdings in Cameco Corporation ahead of recent reporting windows. Bank of Montreal grew its holdings by 1,354,417 shares, ending with 7,363,367 shares worth about $580,969,667 following a 22.5% increase. Royal Bank of Canada grew its holdings by 1,311,236 shares, ending with 10,910,330 shares worth about $860,825,053 following a 13.7% increase. Van Eck Associates Corporation grew its holdings by 597,207 shares, ending with 7,541,479 shares worth about $595,022,704 following an 8.6% increase. Mirae Asset Global ETFs Holdings Ltd. grew its holdings by 176,793 shares, ending with 15,550,064 shares worth about $1,226,900,073 following a 1.1% increase. FIL LTD trimmed its holdings by 460,702 shares, ending with 8,433,160 shares worth about $665,376,336 following a 5.2% decrease.
Cameco Corporation Stock Down 2.5%
Shares of Cameco Corporation recently traded around $78.51 as of October 22, 2026, down about 0.5% from their event close of $78.90 on that same day. The stock has experienced downward pressure relative to its medium and long-term trends, resting below its 50-day moving average of $93.00 and its 200-day moving average of $105.22. The equity sits near the lower end of its 52-week trading span, which features a low of $77.70 and a high of $135.24.
$CCJ price target
Cameco Corporation daily closes and this analyst's $125 target. Not advice.
Recent Earnings
For the trailing twelve months, Cameco generated $3,474,621,000 in revenue with earnings of $0.59 per share. The company reported a net profit margin of 10.2% and a return on equity of 5.1%, alongside a year-over-year revenue decline of 7.2%. The company's next earnings report is scheduled for October 30, 2026.
Dividend
Cameco pays an annual dividend rate of $0.17 per share, yielding 0.21%. The company maintains a dividend payout ratio of 29.6% based on recent operational results.
Analysts Set New Price Targets
Wall Street firms have actively updated their views on the stock over the past several months. Barclays maintained an Equal-Weight rating on July 16, 2026, with a target moved from $108.00 to $104.00. Barclays again maintained an Equal-Weight rating on August 4, 2026, moving its target from $104.00 to $97.00. Barclays later maintained an Equal-Weight rating on October 19, 2026, lowering its target further from $97.00 to $95.00. Across the wider analyst community, the stock holds a consensus recommendation key of buy, backed by 11 analyst opinions and a mean price target of $129.04.
About Cameco
Headquartered in Saskatoon, Saskatchewan, Cameco Corporation operates as a primary supplier of uranium for electrical generation across the Americas, Europe, and Asia. The company mines, refines, and converts uranium concentrate through its specialized business segments, playing a central role in the nuclear fuel supply chain.
Bottom Line
Investors are keeping a close watch on Cameco as the company approaches its next earnings announcement scheduled for October 30, 2026. Truist Securities continues to recommend the stock with a Buy rating, even as it lowered its price target to $125.00.
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Source: Truist Securities's rating change on $CCJ (Oct 22, 2026). Written by software, not financial advice. How we make alerts